#section 143(3)
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Section 80P Deduction Not Available for Section 68 Unexplained Cash Credits

Section 271(1)(b) Penalty Quashed Due to Misapplication of Law & Facts

ITAT Deletes Adhoc Disallowance on URD Cash Purchases in Jewellery Business

Ex-Parte Tax Order Set Aside as Assessee’s Counsel Faced depression & memory loss

Additions for unexplained cash deposits u/s 69A and loans made u/s 68 without proper verification was restored back

Addition merely on basis of available information without independent investigation is unsustainable

Reassessment was valid where audit objections could qualify as “Information” u/s 148A

SOP prescribed under Faceless Assessment Procedure not followed: Matter remanded

Adjustment u/s. 11(3) as deemed income unsustainable as accumulated funds utilized within stipulated time

Amounts declared under PMGKY scheme cannot be taxed again u/s. 69A

Entire addition towards bogus purchases not justifiable: Gujarat HC

Internal CUP Most Appropriate for ALP in Captive Power Plant Transaction: Calcutta HC

Reassessment u/s. 148 quashed as merely based on change of opinion: Madras HC

ITAT Kolkata Upholds 30% Depreciation on Moulds Used by Vendors
Explore the latest section 143(3) updates on TaxGuru, including relevant Income-tax Act provisions, rules, notifications, circulars, judicial decisions and compliance guidance. The coverage highlights important tax positions, procedural requirements, assessments, deductions, penalties and litigation developments to help taxpayers and professionals understand the practical implications of changes in income-tax law.
